Liquid: Network's Bitcoin reserves fully restored, all LBTC again backed 1:1 by BTC

November 3: According to official information, the Liquid Federation has announced that the network's Bitcoin reserves have been fully restored, and all LBTC has regained 1:1 BTC backing. Over the past few weeks, BTC and LBTC conversions have already been restored, and users can move between Bitcoin and Liquid at a 1:1 ratio through participating providers. Liquid said these milestones mark important progress in the recovery effort.

Liquid stated that the network's Bitcoin reserves can be independently verified: users running a Liquid node can directly verify the proof of reserves, and reserve balances and network activity can be monitored via the official public dashboard. Going forward, the Liquid Federation will modernize its governance structure, clarify responsibilities and oversight, and implement additional technical and operational safeguards.